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India's economy to improve in overall conditions, cost of funds may rise: Report

India's economy to improve in overall conditions, cost of funds may rise: Report

Owing to growth of external financial linkages, and presence of surplus funds in domestic market, India is set to observe improvement in overall economic conditions, as per a survey.

Rs 2.6 trillion of bank credit may slip in next 12-18 months: IndRa

Rs 2.6 trillion of bank credit may slip in next 12-18 months: IndRa

Domestic rating agency India Ratings and Research on Wednesday said the banking system has Rs 7.7 trillion of unrecognised stressed loans in corporate and SME sector and expects around 35 per cent of them to slip into the NPA category in the next 12-18 months.

Banks set to see higher provisioning on new norms next fiscal

Banks are planning higher provisioning on new norms next fiscal of new accounting norms. It will ask lenders to make higher provisioning for loans.

Lower interest rate can help reap full benefit of cash ban: CII

Lower interest rate can help reap full benefit of cash ban: CII

India Inc has invoked the demand supply dynamics, calling for lower interest rates for private investment to pick up that will help the government achieve full benefit of cash ban.

RBI puts IDBI Bank under watch for high bad loans

RBI puts IDBI Bank under watch for high bad loans

The Reserve Bank has put IDBI Bank under watch by initiating Prompt Corrective Action against it, a move that will place various restrictions on the lender including on fresh loans and dividend distribution.

RBI gets more teeth to resolve banks' NPA woes; acts quickly

The government on Friday empowered RBI to ask banks to initiate insolvency proceedings to recover bad loans, amounting to over Rs 6 lakh crore in case of state- owned lenders alone, and promised more measures to resolve the NPA crisis.

RBI given more powers to tackle NPAs, says Jaitley

RBI given more powers to tackle NPAs, says Jaitley

President Pranab Mukherjee last night signed the ordinance to amend the Banking Regulation Act, giving RBI powers to direct banks to initiate insolvency and bankruptcy in case of default, he told reporters here.

Govt gives wide-ranging powers to RBI to deal with bad loans

Govt gives wide-ranging powers to RBI to deal with bad loans

The much-awaited Ordinance to amend the Banking Regulation Act was promulgated by President Pranab Mukherjee last night.

President likely to promulgate banking ordinance today

President likely to promulgate banking ordinance today

President Pranab Mukherjee is likely to promulgate tomorrow an ordinance giving greater powers to the Reserve Bank to tackle mounting bad loans, a top source said.

Cabinet clears ordinance to amend Banking Regulation Act to resolve NPA crisis

Cabinet clears ordinance to amend Banking Regulation Act to resolve NPA crisis

Union cabinet has cleared ordinance to amend Banking Regulation Act to resolve NPA crisis on Wednesday. As per sources, President's nod is likely soon.

ICICI Bank Q4 net profit jumps to over Rs 2,024 crore

ICICI Bank Q4 net profit jumps to over Rs 2,024 crore

Country's largest private sector lender ICICI Bank on Tuesday reported manifold jump in standalone net profit to Rs 2,024.64 crore for the quarter ended March 31.

Bad loans issue not 'insurmountable' for India: Arun Jaitley

Bad loans issue not 'insurmountable' for India: Arun Jaitley

Finance Minister Arun Jaitley on Monday asserted that the problem of bad loans in the banking system is not "insurmountable" for a large economy like India as it is limited to only 20-30 big accounts.

Credit growth plunges to over 60 year low at 5% in FY17

For the year to March, banks' outstanding credit stood at Rs 78.81 trillion compared to Rs 75.01 trillion as of April 1 2016, show the central bank data.

RBI promises more effective steps to tackle NPA pains

The former commercial banker cautioned that the current situation will put a pressure on capital for the banks, especially for the state-run ones.

Parliamentary Panel asks Finmin to work out turnaround plan for IDBI

Parliamentary Panel asks Finmin to work out turnaround plan for IDBI

A Parliamentary Panel has asked the Finance Ministry to work out a 'transformational plan' for IDBI Bank, which is facing mounting bad loans, in such a manner that it does not surpass the 'point of recoverability'.

Urjit Patel holds long-gestation projects responsible for high NPAs

Urjit Patel holds long-gestation projects responsible for high NPAs

RBI Governor Urjit Patel on Saturday attributed the banks grappling with high bad loans to legacy issues saying they are mostly on account of credit facility provided for long-gestation projects before 2011-12.

Central Bank narrows Q3 net loss at Rs 605.70 crore

Central Bank narrows Q3 net loss at Rs 605.70 crore

Public sector Central Bank of India on Saturday reported a net loss of Rs 605.70 crore for the third quarter ended December 31, 2016, on persisting bad loans.

Bankruptcy Code can potentially free Rs 25,000 cr in NPAs in 5 years: Assocham

Bankruptcy Code can potentially free Rs 25,000 cr in NPAs in 5 years: Assocham

Proper implementation of the Insolvency and Bankruptcy Code, 2016 can potentially free about Rs 25,000 crore capital locked up as non-performing assets (NPAs), or bad loans, over the next four-five years, Assocham said on Monday.

16 of 22 PSU banks skip paying dividend in FY16 on increasing NPAs

Saddled with mounting bad loans, as many as 16 public sector banks, including PNB, BoB and Canara Bank, skipped paying dividend in 2015-16, leading to three-fold decline in government receipts to Rs 1,444.6 crore.

Finance Ministry to hold meeting with top bankers today to discuss NPA issue

Finance Ministry to hold meeting with top bankers today to discuss NPA issue

In order to discuss the bad loans problem existing in specific sectors, Finance Ministry has called a meeting with senior managers of banks on Monday.